ARK Investment Management LLC Buys 828,462 Shares of Pinterest, Inc. $PINS

ARK Investment Management LLC raised its stake in Pinterest, Inc. (NYSE:PINS) by 21.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,770,939 shares of the company’s stock after buying an additional 828,462 shares during the period. Pinterest accounts for 0.9% of ARK Investment Management LLC’s holdings, making the stock its 29th largest holding. ARK Investment Management LLC’s holdings in Pinterest were worth $153,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Pinterest by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 60,986,423 shares of the company’s stock valued at $1,961,933,000 after acquiring an additional 3,044,674 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Pinterest by 18.5% during the third quarter. Victory Capital Management Inc. now owns 20,550,242 shares of the company’s stock valued at $685,899,000 after purchasing an additional 3,213,241 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Pinterest by 15.0% during the second quarter. Ameriprise Financial Inc. now owns 17,818,418 shares of the company’s stock worth $638,969,000 after purchasing an additional 2,319,964 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Pinterest by 4.4% in the second quarter. Franklin Resources Inc. now owns 16,862,033 shares of the company’s stock valued at $604,673,000 after buying an additional 718,105 shares during the period. Finally, State Street Corp raised its holdings in Pinterest by 3.8% in the 2nd quarter. State Street Corp now owns 13,855,047 shares of the company’s stock valued at $496,842,000 after buying an additional 504,281 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Elliott Investment Management is making a $1 billion strategic equity investment in Pinterest; Pinterest said it will use the proceeds for share repurchases, signaling activist support and a capital-return focus. Read More.
• Positive Sentiment: The stock sharply rallied on the announcement (reports of a ~9–10% pop), reflecting investor enthusiasm for Elliott’s involvement and the buyback-driven reduction in float. Read More.
• Neutral Sentiment: Company stated it will execute a $1.0B accelerated share repurchase (ASR) and flagged near-term repurchases; press coverage varies on total program size (press release cites ~$2B near-term while some outlets report a $3.5B program). Monitor official filings for precise amounts and timing. Read More.
• Neutral Sentiment: Rosenblatt Securities reaffirmed a “neutral” rating with a $20 price target (roughly a low-single-digit upside from current levels), which is in line with the cautious market view despite the Elliott deal. Read More.
• Negative Sentiment: Pomerantz LLP has opened an investor investigation into Pinterest, which could signal potential litigation risk and create headline volatility. Investors should watch for any filings that detail alleged claims. Read More.
• Negative Sentiment: Argus lowered its rating to “Hold,” adding downward analyst pressure despite the Elliott backing—another sign that some analysts remain cautious on the stock’s medium-term outlook. Read More.

Pinterest Price Performance

Shares of NYSE PINS opened at $19.37 on Thursday. The company has a 50-day moving average price of $22.30 and a 200-day moving average price of $28.11. The stock has a market capitalization of $12.88 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.35 and a beta of 0.93. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. Pinterest’s revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $590,151.06. Following the transaction, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $22.06, for a total transaction of $50,583.58. Following the transaction, the insider owned 695,187 shares in the company, valued at approximately $15,335,825.22. This trade represents a 0.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,407 shares of company stock valued at $855,925 over the last three months. 7.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PINS. Evercore set a $25.00 price target on shares of Pinterest and gave the company an “in-line” rating in a research report on Friday, February 13th. Cantor Fitzgerald set a $18.00 target price on Pinterest in a report on Friday, February 13th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $20.00 price target on shares of Pinterest in a research report on Friday, February 13th. Argus downgraded Pinterest from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Mizuho set a $35.00 price objective on Pinterest in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.87.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.